Carpets and Rugs Market size was valued at USD 37.58 Bn in 2023 and is expected to reach USD 51.84 Bn by 2030, at a CAGR of 4.7%

Carpets and Rugs Market Report Overview

The analysis examines current and future conditions in the Carpets and Rugs Market, giving unique insights and up-to-date data across major segments. The report includes crucial research topics in the Carpets and Rugs market, including revenue generation, sales, and overall income. To offer a comprehensive perspective, the report covers two separate scenarios that cover the whole Carpets and Rugs market, including estimated Carpets and Rugs sales during the forecast period.

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Carpets and Rugs Market Report Scope and Research Methodology:

The primary purpose of the Carpets and Rugs market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Carpets and Rugs market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Carpets and Rugs market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Carpets and Rugs market entrants. Furthermore, the global research for the Carpets and Rugs market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.

Market Dynamics:

Increasing demand for various designs of carpets and rugs will fuel market expansion.
Carpets are both functional and ornamental, and they protect the flooring from moisture. They insulate and soundproof houses and businesses. The global carpets and rugs market is predicted to grow as employment and disposable income among households, particularly those with two incomes, rise. With increased spending power, more customers are forced to buy non-essential leisure items.
The carpets and rugs market has grown significantly over the years, owing to factors such as increased urbanisation, rising disposable income, and consumers' changing lifestyle preferences. Consumers are increasingly prepared to invest in home design and furniture to improve the appearance of their living spaces.

Carpets and Rugs Market Segmentation:

by Products Type
Woven
Tufted
Knotted
Needle-Punched
Flat-Weave
Hooked
Other

The carpets and rugs market is divided into product types such as woven, tufted, knotted, needle-punched, flat-weave, hooked, and others. The tufted segment dominated the market in 2023, accounting for more than half of the total due to its low cost and ease of maintenance. Tufted rugs are ideal for bringing a unique touch of luxury elegance to your interior decor. These rugs are a long-lasting feature of a home's design, providing years of comfort and beauty. Benefits include durability, affordability, and availability in a variety of sizes, shapes, colours, and textures. Unlimited tufted carpet and rug designs to meet global market demand. However, the knotted sector is predicted to develop at the fastest CAGR throughout the forecast.

by Application
Residential
Commercial
Automotive applications

The market is divided into three segments: residential, commercial, and others. The residential sector led the market share in 2023, accounting for more than 60%, owing to rising demand for home decor products. It is utilised to improve a room's aesthetic appeal while also providing sound and temperature insulation. Carpets are available in a wide range of colours and textures to suit any decor. These reasons promote segment growth in the global market. However, the commercial segment is likely to expand rapidly throughout the forecast period due to rising demand for carpets and rugs in the hospitality and tourism industries.

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Carpets and Rugs Market Regional Insights:

Asia Pacific held the second-largest market share in 2023 and is expected to grow at a significant CAGR over the forecast period. The regional market growth is attributed to increasing construction activities in commercial and residential areas and growth in disposable income. Carpets and rugs are mainly seen as materials that modify the structure of a place by adding comfort, warmth, and cushion to the place. Various kinds of rugs such as bedroom rugs, living room rugs, shag rugs, office rugs, wool rugs, braided rugs, and other flooring rugs are preferred in the Carpets and Rugs Market.

Carpets and Rugs Market Key Players:

1.Mohawk Industries, Inc.
2.Shaw Industries Group Inc.
3.Genie Carpet Manufacturers
4.Royalty Carpet Cleaning & Flooring
5. Inter IKEA Systems B.V.
6.Beaulieu International Group
7.Engineered Floors LLC
8.Milliken & Company
9. Lowe's
10. Taekett
11.Home Depot
12.Interface, Inc.
13. Dixie Group, Inc.
14.Orientals Weavers
15. Tai Ping
16. Victoria PLC
17.Saif Carpets Pvt. Ltd
18.Genie Carpet Manufactures
19. KarpetsbyRKS
20. Marwar Carpets International

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Table of Content: Carpets and Rugs Market

Part 01: Executive Summary

Part 02: Scope of the Carpets and Rugs Market Report

Part 03: Carpets and Rugs Market Landscape

Part 04: Carpets and Rugs Market Sizing

Part 05: Carpets and Rugs Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key Offerings:

• Past Market Size and Competitive Landscape (2023-2029)
• Past Pricing and price curve by region (2023-2029)
• Market Size, Share, Size Forecast by different segment | 2024-2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segments and their sub-segments
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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